A Review of the Nigerian Energy Industry

IPMAN urges members to sell kerosene at N50/L

Kerosene distribution in Anambra state10 December 2013, Lagos -The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members to sell kerosene at N50 per litre in their filling stations. It also said that the Federal Government’s plan to privatise the four refineries would enhance the quality and supply chain of petroleum products across the country.

Mr Chinedu Okoronkwo, National Vice-Chairman of IPMAN, who stated this in Lagos, warned that the association would sanction members who flouted the directive. “We have been mandated to ensure the sale of the product at the regulated price of N50 per litre in all our filling stations and which we are complying. “The association has been at the vanguard of ensuring that the product that is meant for the local people is sold at approved government price.

“This has also been the focus of IPMAN and the Minister of Petroleum Resources,” he said.

The IPMAN directive came against the backdrop that kerosene price has hovered between N120 and N130 in the last two years, despite government’s insistence that the product is subsidized and should sell at N50 per litre.

“I want to assure every Nigerian that if the process is sustained, it will go a long way in assisting the general populace,” Okoronkwo said.

The IPMAN boss commended the management of Nigerian National Petroleum Corporation, NNPC and the Pipelines Products and Marketing Company, PPMC, for the distribution of kerosene to marketers.

He advised the companies to be consistent in the supply of the product to marketers and ensure effective monitoring.

Okoronkwo also called for increase in the use of cooking gas by Nigerians, stressing that other countries had changed from kerosene to gas.

“I want to assure Nigerians that a lot has been done by government to ensure that the use of gas has come to stay.

“If you go to Benin, we have compressed natural gas and in Lagos, NIPCO has 5,000 metric tonnes of LPG.

“We are trying to create awareness among the people about the essence of gas usage, advantages and prices,” he said.

Commenting on the refineries, Okoronkwo urged the Federal Government to ensure their accelerated rehabilitation, before their scheduled privatisation in 2014.

According to him, the rehabilitation of the refineries will boost their production capacities and guarantee a sustainable supply of petroleum products in the country.

“We have four refineries; some are almost obsolete, while other ones are functioning far below their installed capacities. These plants were installed with maintenance schedules and these schedules are not being followed; we have several challenges with the plants and they are not producing as they ought to.

“We observed that we can’t even get enough crude supplies because of the high rate of pipeline vandalism and that again constitutes a major challenge.

–  Sebastine Obasi, Vanguard

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